Clifford Chance advises Heidelberger Druckmaschinen AG on the placement of convertible bonds with an issue volume of EUR 58.6 million

Clifford Chance has advised Heidelberger Druckmaschinen AG ("Heidelberg") on the placement of convertible bonds with an issue volume of EUR 58.6 million.

The unsecured, unsubordinated convertible bonds have a maturity of seven years; the coupon of the bonds has been set at 5.25 percent.

The convertible bonds were placed with domestic and international institutional investors through a private placement. Heidelberg intends to apply for the inclusion of the convertible bonds to trading on the Open Market (Freiverkehr) of the Frankfurt Stock Exchange.

Deutsche Bank, BNP Paribas, Commerzbank and LBBW acted as Joint Bookrunners.

The Clifford Chance team comprised partner Markus Pfüller and associate Peter Becker (both Banking & Capital Markets, Frankfurt), as well as partner Dr. Thomas Stohlmeier, counsel Dr. Christian Vogel and associate Dr. Jochen Buckel (all Corporate, Düsseldorf).